0
General

Oi files for rights issue

Wednesday 12 September 2018 | 14:53 CET | News
Brazilian operator Oi has filed  with the US Securities and Exchange Commission its plans to issue up to USD 971.1 million in new common shares, as provided in its judicial recovery plan. According to the company, the shares will be offered to all holders of common or preferred shares of Oi, including the holders of American Depositary Shares. However, there is still no definition of the number of common shares to be offered, issue price and number of shares that each shareholder may subscribe.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Oi
Countries: Brazil
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Oi shareholders approve new board, capital increase

Published 18 Sep 2018 18:30 CET | Brazil
The shareholders of Brazilian operator Oi approved the new composition of the board of directors, which will be headed by Eleazar ...

Pharol shareholders approve capital increase

Published 10 Sep 2018 12:10 CET | Portugal
The shareholders of Portuguese company Pharol approved at their extraordinary general meeting the increase of the company's ...

Pharol proposes capital hike to buy Oi shares

Published 17 Aug 2018 12:13 CET | Brazil
Portuguese company Pharol's shareholders will decide on 7 September whether to approve a capital increase in order to participate ...

S&P raises Oi credit rating

Published 17 Aug 2018 11:57 CET | Brazil
Standard and Poor's (S&P) has raised the issuer credit ratings on Brazilian operator Oi to B from CCC+ on the global scale and to ...

New Oi shareholders to prepare company for sale - report

Published 30 Jul 2018 13:48 CET | Brazil
After the restructuring of BRL 64 billion in debt and the conversion of euro bonds into shares scheduled for 31 July, new owners ...

Oi completes debt-for-equity swap

Published 23 Jul 2018 13:58 CET | Brazil
Brazilian operator Oi has completed its capital increase through the issue of new shares for unsecured credits of qualified ...